NOVO PLACE
UrbanLens Analysis
At $1,650 PSF, NOVO PLACE prices 0% above the District 24 median. Compare that to OTTO PLACE at $1,754 PSF -- a 6% premium that buyers need to justify. Being 5 minutes on foot from Tengah Park MRT (380m) adds genuine convenience and supports the pricing.
The +0.0% two-year price movement is negligible -- neither bullish nor bearish. 501 transactions over two years gives deep liquidity and reliable pricing signals. For context, COPEN GRAND has gained 21.2% over the same period.
Roughly 96 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
The 504-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| COPEN GRAND | $1,625 | — | +21.2% |
| OTTO PLACE | $1,754 | — | 0.0% |
PSF Trend
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